A business focused introduction to Accounting for all students - not just those intending to be Accounting majors. Lead students through the real-world business cycle and how accounting information informs decision-making. Students learn how to base decisions on two kinds of accounting information '" managerial and financial. Departing from the traditional approach taken by other introductory accounting textbooks, students apply both managerial and financial approaches within the topics examined in each chapter. The conversational writing engages students in the theoretical content and how it

Title page; Copyright page; Brief contents; Contents; Preface; Resources guide; About the authors; Acknowledgements; CHAPTER 1 INTRODUCTION TO BUSINESS ACCOUNTING AND THEROLE OF PROFESSIONAL SKILLS; The changing business environment; The successful businessperson; Private enterprise; The forms that businesses take; The regulatory environment of business; The accounting system; Management activities; Accounting support for management activities; Accounting support for external decision making; Ethics in business and accounting; The accountant of the 21st century; Critical thinking

Accounting for transactions to start a businessExpanding the accounting equation; Accounting principles and concepts related to net income; Recording daily operations; End-of-period adjustments; Net income and its effect on the balance sheet; Business issues and values: A billion here, a billion there; Summary; Key terms; Weblinks; Integrated business and accounting situations; Dr Decisive; List of company URLs; CHAPTER 5 RECORDING, STORING AND REPORTING ACCOUNTINGINFORMATION; Accounts; Accounting cycle; Recording (journalising) transactions; Posting from journals to the accounts

Applying critical thinking to business decisionsOrientation of the book; Framework of the book; Summary; Key terms; Weblinks; Integrated business and accounting situations; Dr Decisive; Endnotes; List of company URLs; CHAPTER 2 DEVELOPING A BUSINESS PLAN: COST-VOLUME-PROFITANALYSIS; Planning in a new business; Cost-volume-profit (C-V-P) planning; Using C-V-P analysis; Other planning issues; What can happen if a business doesn't have a business plan; Business issues and values: waste not, want not; Summary; Key terms; Weblinks; Integrated business and accounting situations; Dr Decisive

EndnotesList of company URLs; CHAPTER 3 DEVELOPING A BUSINESS PLAN: BUDGETING; Why budget?; Operating cycles; The budget as a framework for planning; Using the master budget in evaluating the business' performance; Budgets: business issues and ideas; Summary; Key terms; Weblinks; Integrated business and accounting situations; Dr Decisive; Endnotes; List of company URLs; CHAPTER 4 THE ACCOUNTING SYSTEM: CONCEPTS AND APPLICATIONS; Financial accounting information and decision making; Basic concepts and terms used in accounting; Components of the accounting equation

A business focused introduction to Accounting for all students - not just those intending to be Accounting majors. Lead students through the real-world business cycle and how accounting information informs decision-making. Students learn how to base decisions on two kinds of accounting information '" managerial and financial. Departing from the traditional approach taken by other introductory accounting textbooks, students apply both managerial and financial approaches within the topics examined in each chapter. The conversational writing engages students in the theoretical content and how it

Title page; Copyright page; Brief contents; Contents; Preface; Resources guide; About the authors; Acknowledgements; CHAPTER 1 INTRODUCTION TO BUSINESS ACCOUNTING AND THEROLE OF PROFESSIONAL SKILLS; The changing business environment; The successful businessperson; Private enterprise; The forms that businesses take; The regulatory environment of business; The accounting system; Management activities; Accounting support for management activities; Accounting support for external decision making; Ethics in business and accounting; The accountant of the 21st century; Critical thinking

Accounting for transactions to start a businessExpanding the accounting equation; Accounting principles and concepts related to net income; Recording daily operations; End-of-period adjustments; Net income and its effect on the balance sheet; Business issues and values: A billion here, a billion there; Summary; Key terms; Weblinks; Integrated business and accounting situations; Dr Decisive; List of company URLs; CHAPTER 5 RECORDING, STORING AND REPORTING ACCOUNTINGINFORMATION; Accounts; Accounting cycle; Recording (journalising) transactions; Posting from journals to the accounts

Applying critical thinking to business decisionsOrientation of the book; Framework of the book; Summary; Key terms; Weblinks; Integrated business and accounting situations; Dr Decisive; Endnotes; List of company URLs; CHAPTER 2 DEVELOPING A BUSINESS PLAN: COST-VOLUME-PROFITANALYSIS; Planning in a new business; Cost-volume-profit (C-V-P) planning; Using C-V-P analysis; Other planning issues; What can happen if a business doesn't have a business plan; Business issues and values: waste not, want not; Summary; Key terms; Weblinks; Integrated business and accounting situations; Dr Decisive

EndnotesList of company URLs; CHAPTER 3 DEVELOPING A BUSINESS PLAN: BUDGETING; Why budget?; Operating cycles; The budget as a framework for planning; Using the master budget in evaluating the business' performance; Budgets: business issues and ideas; Summary; Key terms; Weblinks; Integrated business and accounting situations; Dr Decisive; Endnotes; List of company URLs; CHAPTER 4 THE ACCOUNTING SYSTEM: CONCEPTS AND APPLICATIONS; Financial accounting information and decision making; Basic concepts and terms used in accounting; Components of the accounting equation